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Most foreigners buy property in Nha Trang for retirement or holiday purposes. There are plenty of condotels which mainly cater to short-term holiday spenders.
The main reason is that the city relies heavily on tourism and doesn’t have as much commercial activity compared to other major cities like Ho Chi Minh, Da Nang, and Hanoi.
Besides, property prices aren’t as high in Nha Trang, a reason why it might be the right choice if you’re on a restrained budget.
In this article, we review the following topics:
- Introduction to Nha Trang
- Buying Villas in Nha Trang
- Buying Condos in Nha Trang
- Realtors in Nha Trang
Introduction to Nha Trang
Nha Trang is slightly smaller than Da Nang and the 6th biggest city in Vietnam with a population of around 600,000. Being located between Ho Chi Minh and Da Nang has other major cities just around the corner.
With a 6 km long beach line and considered to have one of the most beautiful bays in the world, a reason why many retirees decide to buy property here.
Having said that, the demographics have changed in recent years and you’ll mainly encounter Russians and Mainland Chinese while in Nha Trang. Of course, it also depends on where you stay.
When I worked in China, colleagues often told me about their holiday plans going to Nha Trang, mainly due to less strict visa regulations, low costs, and the short distance with flight.
This was not the case before when we mainly saw Australians and Americans visiting the city.
Airline companies have seen an increased interest from mainland Chinese people and several new direct routes have opened from places like Nanning and Zhengzhou for example.
You can also find cruises that depart from Southern China to Nha Trang and that have food and entertainment
Buying Villas in Nha Trang
If you want a more exclusive experience and more privacy, a villa might be the right choice for you. Let’s have a look at the Northern and the Southern parts of Nha Trang and what makes each area special.
Buying Villas in the Northern parts of Nha Trang
The Northern parts of Nha Trang is the home to many of the city’s locals. This area doesn’t have as many tourist attractions as the Southern part, but should not be overlooked.
You’ll be able to find 2-bedroom villas for around USD 200,000, even if you have the option to buy villas for up to USD 500,000.
It all comes down to the standards you require, but for a price of USD 200,000, you’ll be sure to find a spacious villa that is highly liveable.
Buying Villas in the Southern part of Nha Trang
The Southern part is more bustling compared to the Northern side and you’ll find more tourist attractions here. More foreigners decide to stay here in general.
The prices are a bit more expensive compared to the Northern parts. You’ll be able to find a 2-3 bedroom villa ranging between USD 100,000 – 300,000.
Buying Condos in Nha Trang
One of the main problems that foreigners face is that we can only buy branded villas belonging to a project, such as Mövenpick, which come with a higher price tag.
Condos are generally cheaper than villas and easier to maintain. It’s not strange why most foreigners prefer to buy condos, not only in Nha Trang, but in most other Southeast Asian cities.
Condo Prices in Nha Trang
You can easily find new and well-maintained 2-bedroom condos that sell for as little as USD 70,000. If you decide to go a bit North, the prices might well come down to USD 50,000 – 60,000.
For a 3 bedroom apartment with 2 bathrooms, the price will increase a bit and start at USD 100,000.
These are bargain prices compared to buying an apartment in the central districts of Ho Chi Minh, or any beachside apartment in the popular areas of Da Nang.
I highly recommend you to find a realtor who can help you to find an apartment that suits your needs and that is located in a preferred area.
It’s also important that you stay up to date with the local property prices, as Nha Trang is, at the moment I’m writing this article, one of the top 3 spots for Chinese people going to Vietnam.
Realtors in Nha Trang
When you search for a realtor in Nha Trang, be sure to find one that communicates in English.
I also recommend you to ask for previous customer testimonials or case studies to prove their experience of handling foreign customers.
Some of the biggest Realtors in Nha Trang are:
- Nha Trang Consultation
Can foreigners buy land in Nha Trang?
No, foreigners are not allowed to buy land in any parts of Vietnam as it’s owned by the people and controlled by the state.
Can I rent out property in Nha Trang?
Yes, foreigners generally don’t have any issues to rent out property in Nha Trang. Many units are promoted for buy-to-let purposes so that you can earn rental income.
Do I have to live in Nha Trang if I buy property there?
You don’t have to live in Nha Trang if you buy property there. You can reside overseas and rent your unit on a short-term or long-term basis.
Nha Trang is famous for having one of the most beautiful bays in the world and receive a great deal of foreigners each year.
If you want to buy a decent villa for as little as USD 200,000, Nha Trang can be a considerable choice. You can read more about Nha Trang property for sale in our separate article.
Since 2015, ownership regulations have relaxed remarkably and you’ll be able to buy property by merely a tourist visa.
If you want to know more about foreign ownership and information about buying property in Vietnam, I recommend you read my guide about buying property in Vietnam.